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South Africa Fuel Price Double Blow: Tax Hikes and Shrinking Recoveries Hit Motorists
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South Africa Fuel Price Double Blow: Tax Hikes and Shrinking Recoveries Hit Motorists
South African motorists are bracing for a dual hit to fuel prices as tax hikes and dwindling price recoveries threaten to erase projected June relief. The National Treasury confirmed a 15-16 cents per litre increase to the general fuel levy, effective June 4, while Central Energy Fund (CEF) data shows shrinking over-recoveries for petrol and diesel. Initial projections suggested modest June price cuts: 19 cents per litre for petrol and 48 cents …
·Uganda
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